the pboc, forced into a weaker yuan fate. the bank indonesia intervenes andyen traders, bracing for intervention. we have a great lineup of guests. morningstar's global cio just ahead and later we will be joined by crypto.com's chris m. let's take it to the asian stocks. under a lot of pressure. the ms ci down almost 2%. it was down about 1% yesterday having to do with those u.s. retail sales numbers, cpi suggesting sticky inflation, pushing back on expectations of the rate cut -- a rate cut by the fed treasury. yields climbing. 10 year yields at a new high. data has been pretty mixed. the yuan weakness, persisting. some suggesting the pboc finally vowing to reality. take a look at where we are, beating estimates of 4.8%. a busy day for key data out of china. china's economy beat expectations the first quarter boasting expectations the government can meet its ambitious annual target of 5% but more of a mixed bag, with much activity data, while fixed asset investment the results for industrial production and retail sales, they

with the pboc holding the yuan, the yuan-yen will have to drive higher.linda: for japan, it is important because china is japan's biggest trading partner. peiqian: yes. in terms of trade, definitely a weaker yuan-yen. but given that both are under weakening momentum and also the final demand from the develop markets are increasing, so overall i think the weak currency is helping asia broadly. haslinda: you talk about how it is important for it to happen perhaps we can in a gradual manner. the yen has sunk further. let's take a look at where it is trading at this point in time, if i can get the yen up. 156.02. this 160 the next level we are looking at? stephen: if it goes to 157 or 158 today, that is too fast. but for now, the big level in the market haslinda: is 160. they may intervene with some actions. what actions are you anticipating if they do it today? stephen: it is small intervention. they will have to sell dollars. haslinda: peiqian, we have lines out of the boj. it call cpi at 2.8% versus 2.4% previously. is it overly optimistic in coming to the

we see there that the offshore yuan has reached 21 per yuan. that is a record. ok.ll to come, we don't have any market trading in australia or new zealand today, we are closed for a public holiday. but we are going to talk more about that ai wave. we just got numbers from sk hynix and a very solid set of numbers they were. a beat on pretty much every front. we are going to get analysis on those numbers in just a moment. tom kang is going to be joining us. stay with us for that conversation. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-exp

in addition, in terms of the number of trade payments, the yuan is ahead. sterling.n general, in the structure of global international payments, china's national currency remains in fourth place. india has ranked first in the world in terms of population. china, where the population is about one billion 425 million people, received an honorary silver. by the end of april last year, the number of residents of the celestial mainland and india became equal. analysts attribute such rapid population growth to the improvement of the socio-economic situation in the indian republic. that was the news. all economies, have a nice day and see you, morning broadcast on tv channels belarus 1 and belarus24 continues zone x, i'm yuri shevchuk, hello! attacked police officers with a scythe, law enforcement officers in the bobruisk region had to use their service weapons. on the evening of april 17 , line 102 received a message about the theft of money in the village of small beekeepers. when the police arrived at the scene, an aggressive man with a scythe ran out of the house to mee

what is the fair value for the yuan right now? >> the pboc is caught between a rock and a hard place. they don't want the currency to slide. it does look undervalued. fair value is difficult to work out. but i would say beyond seven, if the fed does cut rates, it takes the pressure off the dollar and the yuan will start to rally. haslinda: you are saying the yuan is undervalued? it has been supported by the pboc. >> the exchange rate is strong on that measure. that is what is keeping the yuan under pressure in the short-term. the yen just looks way too cheap, to be honest. we had intervention coinciding with the turn in u.s. bond markets. we are likely to get interested again but you need the fed to cut rates as well. we think it's going to happen, so we expense -- expect dollar-yen to finish the year out. >> can the boj afford to wait until october, given that the currency is so weak? >> boj will take their time. they want inflation to get entrenched after all these decades of the inflation. haslinda: we are also looking at oil.

haslinda: it could be a problem for the yuan. yuan bulls would want to see intervention in the yen. claudio: absolutely, and if we don't, maybe we get some moving the dollar in indy. -- dollar renminbi. cpus might be a little more relaxed on that front, and we might be willing to concede to some movement. we have also seen it move ahead, incrementing on that 0.10 level, so that made you factor they are preparing for, with adjustment on their side. and then from q3-q four. haslinda: the thing is for japan, there is reason to exercise your constraint. in higher for longer, we do not know what the fed will or will not do this year. i guess, could it put its credibility into question if it just does not do anything? claudio: again, it depends on this behavior of the market. yes, you can examine this as being somewhat fundamentally explained, but it is also important to say that a lot is priced into market in terms of the fed and hawkishness, and you can see rate cuts priced in, so a lot of the damage has been done in taking back those fed easing calls. as long as they can adjust the cur

. the share of the chinese yuan, it has been growing significantly in recent years, we see an increaseure of the world's official foreign exchange reserves, we see an increase in the share of the yuan in international payments, according to swift data on other alternative systems. this process does not happen quickly. central banks see an alternative to the dollar in the precious metal. this is the trend of the last two years. according to the world gold council in 2022 they acquired. a record 1.82 tons, in the twenty-third the volume decreased slightly to 1.37 tons. in january of the twenty-fourth year , the largest central banks continued to buy gold and increased official gold reserves by 39 tons. the brix countries are considering the option of creating a completely new currency. the share of the us dollar in their settlement structure is already less than a third; participants carry out all other transactions in national currencies. the new currency is even bigger. will reduce dependence on the dollar and help simplify trade between participants. it is quite difficult to predict t

russian ruble fell in price, the dollar and yuan rose in price. so, for an american dollar they ask for 3 rubles and 25 kopecks. euro now. at the national bank rate 3 rubles, 49 kopecks. 10 yuan costs 4.45, 3 rubles, 49 kopecks. they ask for 100 russian rubles. rising inflation in the us could lead to a record price for gold before the end of the year, analysts say. earlier in april , the price of gold reached historical highs, exceeding $2,400 per ounce. this growth was due to both the aggravation of the situation in the middle east and expectations regarding changes in the monetary policy. federal policy us reserve system. at the moment , there is a correction in gold prices from record levels due to the strengthening of the dollar, according to the expert community. this was the news of the economy, successful transactions and productivity in business. see you. the morning broadcast on tv channels belarus 1 and belarus 24 continues with the program “zona aks”. i'm karina pashkova. hello. on valentine's day, she expressed all her feelings accumu

we're seeing the chinese yuan pushing towards 7.3 per dollar.any countries have exchange rates that are tied to the yuan. so, it means exchange rate depreciation pressure. it means less of an export gain. so, a host of different concerns. annabelle: that was our senior u.s. economy editor chris anstey there. some breaking news crossing the terminal. this relates to more detail on u.s. funding for major chipmakers. it is all part of this effort by the biden administration to bring semiconductor production back to american soil. we just had the latest details of perhaps the latest recipient, because this is according to people familiar with the matter, but micron is poised to get over $6 billion in chips act grants next week. the award is not yet finalized but could be announced in the coming days. not clear whether the company plans to accept loans. they would be available through the 2022 chips and science act, in addition to what is this direct grant funding. as we said, the chips act set around $40 billion for direct grants as well as loan and

i don't think the yuan would ever be strong again or have overcapacity.aul: in terms of overcapacity, we will have trade numbers later on this week. contracting at march. when do you see demand recovering? >> data was good, simply because there was a favorable base effects. now we have unfavorable in march. so we now the u.s. economy is growing fast. 2.8. european economy better than expected, india is growing fast. countries are worried about dependence on china, so they're trying to diversify import. paul: chief economist, we will cover other issues in a moment, but investment into australia tumbled down to the second-most level in 18 years. direct investment slid to $898 million, a seven percent decline. alvin investment -- outbound investment jumped. haidi: israel pulls troops out of the southern gaza area as prime minister benjamin netanyahu says the country is one step away from victory in its war. ai boom drove a 400% surge in japanese stock. we will hear from the ceo of towa shortly. this is bloomberg. ♪ >> let's look at the week ahead, big for ce

euro at the national bank rate - 3 rubles 53 kopecks. 10 yuan costs 4.48.3 rub 52 kopecks they ask forussian rubles. cargo transportation along the north-south transport corridor will grow by 60% by 2030. analysts at the eurasian development bank predict that by this time cargo traffic will reach 30 million tons. reorientation to the east and south. all international cargo. 46% fell on the central and northern eurasian corridors, including the ports of the far eastern basin, 34% on the ports of the azov-black sea basin, 3% on the north-south corridor. another 15% of cargo was delivered to the ports of the baltic basin. share of dollar in global payments through swift decreased again. at the end of february, it amounted to 46.56%. this is the minimum since july last year. over the month, the share of the american decreased by 8% points. at the same time, it remained the most popular currency in the world. the share of the second most popular currency, the euro, increased by 23 points to 23.25%. moreover, since august it has been fluctuating near its historical minimum. this was the news

the chinese yuan, data from swift shows a portion of yuan transactions rose to 7.4% in march, the highestince a new baseline was created in july and meanwhile the euro share continued to decline dipping below 22% last month. the yuan has been the world's fourth most transacted currency since november. here's a look at mobile health network solutions. a singaporean telehealth startup. more than 350% rally. the company's market capitalization has ballooned to $650 million despite reporting a loss in its most recent fiscal year. take a look at that. a massive 350% upside. we're keeping an eye on aussie miners. bhp production rising 3% in the first three months. this is the world's biggest miner. shrugging off heavy rainfall along with dwindling deand in china. the group up more than 2%. up next, renewable energy. keep it haslinda: shanghai, shanghai. welcome back. china markets heading to lunch. reviegz losses up 6/10 of 1%. most clients avoiding china despite cheap valuations. china up about o of% from a low we saw in january. gains too for china and shanghai shenzhen. china heading to lunc

to the current exchange rates at the auction, the dollar fell in price, while the russian ruble and yuane in price. and this morning the dollar is 3 rubles. 25 kopecks for 10 yuan they give 4.47. 3 rubles 52 kopecks cost 100 russian rubles. and the euro exchange rate according to the national bank is 3 rubles. 50 kopecks. china has filed a complaint with the world trade organization over discrimination in us subsidies for electric vehicles. from this year, american buyers are deprived of tax benefits in the amount of $3 to $7,500 if any components of their cars are manufactured in china or russia. north korean iranian companies. with this measure, the white house wants to reduce inflation and support its own manufacturers, because in the global electric vehicle market, china now occupies a leading position in terms of export volume in the world. in st. petersburg, starting in april, they began to collect a resort fee for adult tourists who stay for more than a day in hotels, aparthotels or sanatoriums. the fee is 100 russian rubles. this is about 3.5 belarusian rubles for every day, the

the yuan front and center as well.t the offshore yuan has been rising for four out of five trading sessions. that has to do with that strong fix from the pboc. in terms of the yuan, it's at 723 as china goes to lunch. japan comes back from lunch break. take a look at where we are in terms of the nikkei to 25. it is getting a lift, boosted by a surging real estate sector. buybacks higher. estimates making that attractive. the topics up by's extensive wanted -- up by 6/10 of 1%. in terms of the yen, 15320. we are looking at intervention at 152. that intervention not yet coming now. we expect intervention at 155. let's get more with mark cranfield. the yen, oh my. intervention. when is that coming? mark: it's a lot to do with the speed of the movements. the japanese authorities don't give the market indications of specific levels. that would backfire because traders would know where those areas are and drive the markets right there. it's more about the pace of the movements. that's what we saw in 2022. dollar-yen was goin

, the types of activities that can be carried out by individuals. moved, and the russian ruble and yuanose in price and this morning the dollar was 3 rubles, 23 kopecks. for 10 yuan on the roads they give 4.44.3 rubles 51 kopecks. costs 100 russian rubles. and the euro exchange rate according to the national bank is 3 rubles 47 kopecks. the spanish economy can grow due to immigrants, the imf says. if previously, migrants were mainly engaged in low-skilled work, but now the situation is changing, so is the number of migrant workers in the tech industry. spain has increasingly opted for open doors in recent years to address its dwindling workforce. india's future may be hampered by unemployment problems. in march its level reached 7.5%. at the same time, the population is expected to grow by 6 and a half this year. moreover, in the last quarter of last year, gdp growth in the country amounted to 8.5%.

in the over-the-counter segment , the yuan's share is almost 40%, among unfriendly currencies about 55came known that the largest russian banks increased the yield on deposits in yuan, the maximum rate rose to 5% per annum. and the price of gold again updated the record: $2,360 per ounce. in 2 months, fight metal has already risen in price by 17%. the reason, according to bloomberg , is the strengthening of geopolitical factors. risks, including in the middle east. ubs analysts predict that the price will rise to $2,500 by the end of the year. a new round of price increases is expected after the us federal reserve cuts rates. it was economic news. short. well now it's urgent messages from the smolensk region marked "lightning". a woman died when an overpass collapsed in the smolensk region. another person was reported injured. this data is with reference to the representative. ministry of emergency situations. and also the destruction of the overpass on the railway track in the vyazma area, the movement of trains on the vyazma semlevo section in the smolensk region was suspended. and f

for 10 yuan they give 4.49, 3 rubles5. 1 kop. costs 100 russian rubles.e euro exchange rate according to the national bank is 3 rubles 52 kopecks. inflation in turkey at the end of march increased by more than 3% and amounted to 68.5%. the head of the ministry of finance of turkey, commenting on inflation indicators for march, said that the government will make efforts to ensure financial stability in the country. stability. additional tightening of monetary policy is already making a significant contribution. restoring the balance of demand, expanding external financing opportunities will help strengthen macroeconomic stability; by the end of this year, the turkish central bank predicts a decrease in inflation to 36%. a new national currency is being introduced in zimbabwe , this is zimbabwean gold, which will be issued in the form of banknotes and coins. the new currency is backed by foreign reserves and precious metals. its exchange rate to us dollar will be 13.5 zimbabwean gold per 1 dollar. the reasons for the introduction of a new monetary unit are

does the ppo see say, let's yuan -- let's let yuan stand its ground.me thing could be said for japanese policymakers and zi yan. it is hovering at the 151 level. is there still expectation of intervention? how impactful would that be? >> at the moment, we are certainly in intervention range. there's been a lot of rhetoric out recently. suzuki was talking about excessive moves. over the last week or so, the yen has hardly moved. it's been stuck at the 151 to 152 range. they've been very preemptive. the market has its eyes glued on this 152 level. if it hits that, it's back to its lowest since 1990. even more portly, in the option world, a lot of risk reverse knockout barriers get triggered. that means some option players will find themselves short dollar yen and they need to cover those positions. they may see a rush of buying to cover their positions. those knockout barriers are quite large apparently. they could see dollar yen jump higher which ironically could spur the intervention. everyone is focused on the 152 because everyone knows about these op

for 10 yuan they ask 4.44, 100 russian rubles.ountry is developing alternative energy, in addition to peat, the extraction season of which has already begun, wood pellets play a big role. 21 lishozov plants can produce 350 thousand tons of such fuel pellets, which are ready to be purchased in the countries of central asia, china and turkey. but most importantly, the energy sector of the domestic market of belarus paid close attention to them. fuel, of course, is not the cheapest, but it has many advantages. besides. about new energy trends alexey kondratenko. when the forest is cut down in the minsk region, the wood chips sawdust flies purposefully, turning into tightly compressed granules. in recent years, the production of pills has been opened in old roads, kopyl, columns, and one of the first in this energy niche was the borisov forestry enterprise, here the equipment produces 4 tons per hour. in the borisov forestry enterprise , fuel pellets are produced in two types: industrial for boiler plants or housing and communal servi

a dollar they give 3 rubles 28 kopecks, the euro has added a little, its exchange rate is 3.48, 10 yuan 4.50 belarusian, for 100 russian they ask for 3 rubles and 48 kopecks. the state is creating all the conditions for the development of electronic document management, as stated by the minister of taxes. the relevant department expects more active participation of businesses in the digitalization of processes. in this direction, joint work is being carried out and... in the eurasian space in a number of aspects, belarus has gone far ahead: this year’s digital innovations were discussed at fields of the forum for the development of electronic document circulation in the republic of belarus. it brought together more than 400 participants from different sectors of the economy. report by anton malyuta. development of an electronic turnover document in the republic of belarus. such a forum has never been held in the country before. new mechanism for product labeling. has been in effect for more than one year, but it is clear that businesses still have questions, although the advantages are

for 10 yuan they give 4.51 belarusian, and for 100 russian - 3 rubles. 49 kopecks the countries of theing approaches in the field of standardization. they assure this is for the benefit of the entire union economy. it is held only once every 2 years, agree, an atypical schedule, however, like the day that became the occasion for this event, the centenary of the belarusian chamber of the measure of scales, the anniversary date is february 29, symbolically, contrary to stereotypes, it is the escalation year, a solid representation that goes far beyond the limits of the ias, this is also uzbekistan , china, india, a total of 250 metrologists from 10 countries, we actively cooperate with all of them on an ongoing basis, over 5 years we have provided more than a thousand works and services, as well as preserving their financial resources. subject matter experts for almost 30 years are working to develop a national reference base. according to the results of the current five-year plan, the number of national standards will be 72. the work on creating national standards is not completed, but

well , it is interesting that china's largest bank refused to accept yuan, its yuan, from the russiane are talking about icbc, as well as three other credit organizations from the sky. the russian izvestia is already writing about this, the situation at the end of march, so 80% of transactions were simply returned to senders from the aggressor country, transferred yuan to china is currently a big problem, businessmen from moscow say, it has made it difficult to supply various goods from the prc to russia, especially industrial equipment, new restrictions are associated with the risk of secondary sanctions from the united states, despite russia's friendship with . come on, the banks of the celestial empire are not going to come into conflict with the west, they adhere to international legislation in order not to fall under various economic restrictions. well, the very end, since the start of the program, 500 veterans and members have already become winners their families, in general they receive grants in the amount of uah 220 million. this was reported to the ministry of economy, most

annabelle: as you say, it is the dollar-yuan dynamic that plays into this story. are quotes from some china watchers from beijing to loosen its grip on the currency, something that would have pretty serious reverberations, it seems. michael: we have been looking at that 7.2 five level. we are above their. in fact, the whole range, the holy dissent, the level has been about 7.22, at the halfway point. we have been above there now for a few days, i march 27 we have been above the halfway point and operating within the range. so i think the pboc can come out and throw good money after that. the fundamentals are there. the cpi is coming out shortly. how do they compete with three hot prints out of the states? fundamentally, the underlying weakness of the yuan, they have their own domestic dilemma that i think the boj and pboc are probably going to have the same wish list, which is just to try to raid this one intravenously as quickly as possible rather than cause a lot of grief. great annabelle: insights, our fx and writz reporter michael wilson. as he said investors

, take these mutual settlements into account, but every time a chinese bank , who works with us in yuantrengthening of the american armed forces in europe, it is clear that there is also a possibility of any kind of chess player, as baydon often does, so to speak, the collective, i mean, has a correspondingly significant amount of more than 20 billion to replenish warehouses the united states, and as soon as this was put inside the document, it means that it is already legally written down that biden did wrong, this is a yellow card, once again not for biden personally, but generally for the collective. develop a strategy for how it will actually a war is being waged in ukraine against russia. generally speaking, this is an extremely new thing, this kind of thing was never needed, because when they got into long, so to speak, wars there in iraq, they said, well, because it’s necessary, no one asked how it was, why, let’s say, they said, well, because... this is a fight for democracy, look, of course, there are no sanctions, democracy is very irresponsible, well, they will write an unsub

take a look at where we are good chinese yuan.ix said it was stable after the pboc loosened its grip on the currency just yesterday. bloomberg has learned that morgan stanley is planning to start cutting about 50 investment banking jobs in the asia-pacific region this week with 80% of the reductions in hong kong. let's get more from jonas bergman. what do we know about this? jonas: as you said, they are planning to cut about 50 jobs in the asia-pacific region. most of them were 80% focused in hong kong, mainland china. this is a continuation. we've seen cuts from morgan stanley and other big banks over the past three years. this is of course due to the geopolitical concerns. the protracted housing crisis in china and the sluggish economy. the deal spigots have been shut off both from mainland china and in hong kong as well as the expected business of taking chinese companies public in new york which was always the big cash cow. so it's a grim time to be a china focused investment banker right now. haslinda: you have to wonder when

so, for property stocks, for stocks in general, sounds like more support is coming for the yuan.ing through the snowflakes task for the pboc just got a few more snowflakes to dance through. and the main task would seem to be to make sure that the yuan's march lower is a smooth one rather than a disorderly one. paul: one of the variables you mentioned was the possibility of a falling u.s. dollar, although it looks pretty unlikely as we are on the fed meeting. markets seemed raised for a -- markets seem brace for a pretty hawkish meeting. garfield: strong expectation that the fed will signal that it is going to further delay rate cuts and that indeed, its initial guidance coming into this year and then it was repeated in march, that it expects to cut three times this year. that that looks extremely unlikely to occur. you would need to have not just a noticeable slowdown in inflation, but an actual deterioration in the way the economy is traveling for them to look towards three rate cuts in the second half of this year. that is a pretty strong pace. powell back in the beginning of t

so, the dollar and the chinese yuan have fallen in price, the russian ruble has risen in price. following rates are established: american currency costs 3 rubles 28 kopecks. the euro exchange rate according to the national bank is 350. 10 yuan costs 4 rubles 51 kopecks. and 100 russian rubles - 48 belarusian belarusian food is supplied to more than 107 countries of the world, this year we are targeting exports of 9 billion dollars. the main targets are also to collect 10 million tons of grain and produce agricultural products at 6-7% more than last year. the government discussed the development strategy for the agro-industrial complex, talked about the problems that are currently dragging down the indicators, and outlined the main points that... need to be worked on intensively. in a large agricultural season, a lot depends on each farm, in particular, the region and the region as a whole, because the overall picture is all regions, all organizations, both strong and weak. the prime minister will immediately say that the main task is to mobilize resources, and no references to t

how about the yuan carry trade? what happens to the yen carry trade? charu: as long as volatility is low, certainly carry trade's remain in demand. the problem with yen and swiss franc is the positioning is extremely shot there. that is why yuan is where the markets are really testing the grip of the central bank of china, whether they continue to hold it off. i think from a very macro perspective, it seems logical to expect that the chinese authorities would not mind a weak yuan to help them get that boost on exports, which is the only driving factor for economic growth right now given consumption is where it is, property sector issues continue to stay there. going into the the second quarter, the concern is about, can volatility remain as low as it's been all this while? given geopolitics, given the elections? we all know carry trade's, they reverse very quickly so i would be on guard for that. haslinda: in terms of conviction calls, what are the best crosses out there -- currencies out there? charu: i would think sterling is quite interesting to loo

some are suggesting the stability in the currency would provide stability in the yuan. >> i think so far the pboc has been doing a great job. the market is not testing the pboc. but i think you pointed out to the fact that chinese strength is strengthening to the likes against the japanese yen. even if you look at the fixing pattern in the past two weeks, they have been allowing chinese he until we can gradually. i think that remains the playbook. they don't want disorderly move. they are actually drifting weaker. it would not be unimaginable that we get to the point that last october we saw 735 on the chinese yen. haslinda: for traders, how should they be positioning, bearing in mind that the data so far that we are getting are pretty encouraging. pmi beating estimates of 50.4 versus 50.3. is it enough to bring back confidence in the currency in the economy? >> actually, data wise it has been encouraging. even though it has been january, february and consumption data was not good. i thing even as we are getting some signs of economic stabilization, we are hitting another risky event

the onshore yuan now as well. i wanted to point out copper, because you mentioned oil being on a tear. we are seeing it across the commodity complex. copper up another 0.8%. partially thanks to the pmi data out of china this week. but also all of those other reasons you just laid out, lizzy. tom: yet, iron ore dropping toward a 10-month low. we will get to that later in the program. usually would say copper and iron are moving in a similar direction, but we will discuss the commodities picture in the program. vonnie quinn in dubai, thank you for that update on asian markets. let's dig deeper into the fed story. we had share jay powell again signaling that the central bank was going to wait for clear signals of lower inflation before the fed cuts rates. take a listen. >> these recent data do not however materially change the overall picture. which continues to be one of solid growth, a strong but rebalancing labor market, and inflation moving down towards 2% on a sometimes bumpy path. on inflation, it is too soon t

how far might the pboc be willing to let the yuan to appreciate?uld be that knock on effects? >> it has been a key question. the key to how bad asia sentiment will get, if we had the pboc holding steady around current level, that would help asia central banks. unfortunately, a move higher is more likely and the reason is if you look at the china basket, it has gone up 3.4% year to date, so that provides a policy route to raise dollar see ny without compromising stability in the sense that they can measure broader basket. my view is we get the dollar fixed to about 714 in second quarter and the dollar could touch 730. so that is the level that i think wants it filter to the rest of asia it could be and fx selloff. paul: so much focus is on the yuan and the dollar, but we have a chart on the terminal that illustrates this, yuan versus the peers, it is the highest it has been in 17 months. as all of asia weakens, going forward, how do you see it performing against regional peers? guest: yes, so i think there would be some downside. when the pboc start

this is currency we are watching, the yuan under pressure.pite the fact that we saw very strong fix versus what was estimated. the currency is struggling to gain some strength. we are also keeping an eye on the nikkei to 25 as it comes back from lunch. the question is when we might see intervention from the boj, in terms of where it is headed. 152 is the level we saw intervention the last time but some say this time around it could be 155. bank of america weighing on where it sees the yen headed. it says begin may plunged to 160 per dollar if the fed does not cut soon enough. on the back of that we are also keeping an eye on the earthquake near taiwan. the worst earthquake in 25 years. there keeping an eye on tsmc, the chipmaker. it has evacuated some employees and some operations have been installed as a preventive measure. at least 26 buildings have collapsed and tsunami warnings now downgraded along china as well as the taiwan coast. were also getting a response from micron, saying it is evaluating operations in taiwan after that quake. jo

that are significant... for foreign trade, and we now see that the importance of, for example, the yuanncreased for foreign trade, the importance of the dollar has decreased. the dollar index against major currencies has grown significantly since the beginning of the year, by about 4%, while the dollar against the ruble has grown by only 1.6%, that is , less than in general for steel currencies. what does it mean? this means that the ruble has strengthened. in relation to other currencies, for example, it strengthened against the euro, according to in relation to the yuan, but at the same time we have a floating exchange rate, we do not have quantitative target levels for the exchange rate, especially for individual pairs, so there is no need to take any additional measures in this regard, colleagues, please, sergey, second row, bolotov sergei. arguments and facts: please tell me whether the central bank supports the ministry of finance’s goal to reduce the share of preferential mortgages to 25% in the total volume of housing loans. what might be the time frame for completing this task

the yuan complicates all of that.a week one would help to ease conditions in china, would help to stimulate the economy. but not if it gets weaker than about where it is. again, threatens to run away. they got even more interest. their official policy is to restrain it to more than 2% either side. so that creates a very tough set up for the pb oc, especially this week as a short week for china. they are off on thursday and friday. that means there's no fixing on thursday and friday. there's a wide gap between the onshore and offshore you want. so yeah. that's a currency that really threatens to steal the spotlight for asia in the coming days. because of the weight that china's economy has. for a lot of asian partners and also it's one of the most traded currencies especially in asia. it has a lot of influence over the australian dollar. so yeah. in many ways, i would be keeping a stronger focus going into the week. i would be concern for the potential turmoil to either side . you can set off severe reactions across as

we should be looking at yen-you want -- again- -- yen-yuan.arc: we believe it's not just about industrial market overcapacity and flooding export markets but also trying to convince the pboc to consider a devaluation cycle like we saw in 2015. that was quite damaging for the chinese economy and the global financial markets at the time, so it would not be an easy decision to take, but the pboc and chinese policymakers have expressed behind closed doors extreme concern and dissatisfaction with the weakness of the end because ultimately japan and china are competitors in export markets. you are right to point out we have to watch the yuan quite carefully. it has been managed within a very tight range recently, but all signs point to the fundamentals continuing to see the dollar-year and continuing to move in the existing direction which is weaker yen because the differentials are widening. yen is still seen as a funding source for carry trade and the bank of japan still has an instinct, so any policy adjustments would be incremental at best. hasl

and now, following the results of foreign exchange trading, the dollar and the chinese yuan have fallenprice, while the russian ruble has risen in price. so, the following rates have been established: a dollar costs 3 rubles. 24 kopecks euro exchange rate national bank - 3.47. 10 yuan costs 4 rubles, 44 kopecks. and 100 russian - 3.50 belarusian. in belarus, the number of passenger electric vehicles doubled over the past year, he calculated. belstat, while more than 80% of the total number are cars owned by citizens. the charging infrastructure is developing dynamically; there are already more than a thousand stations. as for the global market, experts from the international energy agency note that this year sales of electric vehicles and hybrids may grow by more than 20%, to 17 million units. a to by 2035, the green car market will account for 2/3 of global car sales. and finally, the countries participating in the construction of the international north-south transport corridor evaluate the benefits of connecting the route with africa and sea communications. this initiative was put fo

the pressure on yuan will likely continue.is a very important consideration, whether there is room for them to allow monetary policy from easing more aggressively and that is something we are closely monitoring. haslinda: in terms of the action from the pboc for the coming months, what do you see the pboc doing? jin: well, we are watching this area very closely. and i think, as we said earlier, we do expect to see more policy coming through china if they continue to see we data. -- weak data. the worry is that for the last few months some of the data coming through better than expectations. there is also a worry in the market that could potentially delay or maybe, the moment, they might start to see that pushing out more policy is not necessary at the moment. so this is a definite area that we are closely monitoring. haslinda: what assumption are you making about china's growth? is it achievable or is it at risk given what we are seeing right now? jin: i think there is a risk in terms of the current policy support because over

at the auction that took place the day before , the russian ruble lost value in the dollar and the yuanose in price and as of this morning the dollar was 3 rubles 28 cop. for 10. they give 4.52, 3 rubles, 48 ​​kopecks costs 100 russian and euros according to the national bank 3.49. in february, the eu increased imports of russian fertilizers to the maximum since december 2022. they bought 521. tons for 167 million euros. at the same time , purchases from belgium increased the most by almost five times to 24 million euros. romania imported 10 million. bulgaria imported 5.2 million euros. and germany. imported 20 million worth of russian fertilizers. well, the largest buyer for the third month in a row, according to eurostat, is poland, which increased imports in february to 44 million euros, which was the maximum since december 2021. in response to the eu and russian agricultural products, lithuania resumed grain purchases. in february, the country imported just over 12,000 tons, almost 2 million euros. the previous batch arrived in lithuania last summer. increased purchases. latvia boug

for 10 yuan they give 4 rubles 50 kopecks. and for 100 russian - 3.48 belarusian.rgy indicator independently. belarus accounts for 27.5%. the figure was calculated taking into account belas. as the relevant department notes, there are now two priority tasks in the industry - reducing dependence on imported resources, avoidance of gdp energy intensity with the world average . for example, today in the country, virtually every third gigacalorie of thermal energy is generated from its own energy resources. and at the end of the release of some world events, china's gdp growth rate in the first quarter exceeded. 5%, according to the statistical office. the best dynamics were demonstrated by industry, the service sector, followed by the agricultural sector. chinese authorities note that the country's contribution to the growth rate of world gdp is 30%. the international monetary fund has revised down its forecast for economic growth in the eurozone this year. estimating the gdp growth rate at 0.8%. experts expect the numbers to recover slowly. consumption. this was the

another interesting point, it is that the global market has grown, grown number of transactions in yuant the number of transactions in euros fell and rose again in the dollar, that is, the dollar itself and the yuan, well, the dollar, of course, to a greater extent, remains such a stable currency, that is , these are markets that have a fairly good contact with each other, and here the americans and the chinese in economic terms are much closer to everything than in political terms, it seems to me that this argumentation will be precisely in it... where the conversation goes, and it is not excluded that there will be some such mini-trade wars, but to some significant military political i think that the sanctions imposed this year will not be enough, especially since china behaves quite cautiously, in some moments, well, again, they already have a lot of experience of such, you know, mutual controversy, which, again, economic issues under there is no doubt, because... china is needed by the united states, and the united states is needed by china, even more so, even in dialogue it is nece

euro exchange rate according to the national bank 3.46. 10 yuan costs 4 rubles 47 kopecks. 100 russian - 3.48 belarusian. a large-scale fair is in full swing in belarus. this year , about 2,500 employers from various fields of activity take part in the youth vacancies. the number of jobs offered exceeds 25,000. the main goal of this event is to assist in the employment of young people in their free time from studying, as well as to help graduates. let me note that this year more than 13 million rubles have been allocated for organizing temporary employment for young people. the bulk of the funds will go to pay for labor, the rest to purchase workwear and equipment. tool and finally, the russian airline received permission from the federal air transport agency for several new direct flights to the belarusian capital, as noted in the document of the federal air transport agency of russia, the carrier will be able to fly on the route tyumen-minsk and vladikavkaz, minsk three times a week, and from volgograd twice a week week. there is no information about the launch date of fl

now, compared to current exchange rates, the dollar and the chinese yuan have fallen in price, while risen in price. so, the american currency closed trading at 3.26 kopecks. the euro exchange rate according to the national bank is 3.48. 10 yuaniya costs 4 rubles. 49 kopecks and 100 russian - 3.48 belarusian. on the scoreboard in national airport will soon have a new destination. this is chelyabinsk. from april 21, the russian airline will begin operating flights once a week on tuesdays. the launch of the flight was the result of an agreement. resources are growing. over 20 years plus 6%. in terms of area, it is approximately the same as 12 belarusian capitals. and most of all, according to the rating , china has grown in new trees. and that’s all for me, have a nice day and be productive in your business. the morning broadcast continues with the program zone x, i’m yuri shevchuk, hello! we wanted to buy good things from famous brands, but fell for good job scammers. residents of the brest region began en masse to contact the police that they had been deceived on the internet. they m

according to the national bank, 26 kopecks costs a euro dollar , 3.54 for 10 yuan gives 4 rubles 50 kopecksand 100 russian rubles costs 3.50 belarusian rubles. in belarus. over 3 years, the volume of production of import-substituting products increased by 20%. such figures lead to mineeconomics. at the end of last year, output reached $30 billion. more than half of this production is exported. small medium-sized businesses are actively involved in import substitution; their share is approaching thirds. industrial production in the eurasian economic union over 2 months grew by almost 7% compared to the same level last year. plus. fixed in all top five countries, the largest in armenia - this is over a quarter, the smallest in kazakhstan. in our country , industrialists increased production by more than 7%. and finally, the financial department of belarus has significantly increased the cost of precious metals in products and scrap. from april 12, citizens will receive 15 rubles more than the current price per gram of 750 gold. 900 gold has risen to almost 200 rubles. platinum and silver pric

in terms of the yuan, 724.29.na headed to lunch and japan back from lunch as we check in on how japan is doing. >> today we have been seeing japan, part of the relief rally across the asia-pacific. a sense of relief coming through because there is further escalation given the middle east tensions from last friday. the nikkei coming back from the lunch break repairing some of the gains from the morning session but it is a rebound. a rebound though that is still about 9% lower from what we saw in the peak in march and that was post doj rate hike for the first time in 17 years. we are on the local -- we are on the lookout for the boj on friday when it is set to hold on rates. given the take-up in oil prices affecting the inflation outlook, there are some pockets of the market that think that the boj could announce the start of quantitative tightening and it could do this through the reduction of bond purchases. bonds under pressure. also in japan, what we are watching out for are the automakers. nissan missing on the

and now, by the end of trading on the currency and stock exchange, the dollar and the chinese yuan havesian ruble has fallen in price. so, the following rates have been established: american currency costs 3 rubles 27 kopecks. the euro exchange rate according to the national bank is 3.48. behind 10 uani gives 4 rubles 50 kopecks. and 100 russian 3.49 belarusian. the cost per square meter in the capital continues to grow. both in new buildings and on the secondary market. experts calculated last week the average price was $1,368 per square meter. the proposals are dominated by one-room apartments, over 40%. next come three-room apartments, a little more than a third of all apartments for sale, followed by two-room apartments - about 20%. over the year, the cost per square meter increased by 7%. and finally about some world events, the international monetary fund worsened its forecast regarding. global economy this year, reducing gdp growth to 3%, and if inflation remains high and interest rates do not fall, the global economy will face a hard landing, the imf wrote in its april forecast.

interesting point, this is that the global market has grown, grown the number of... transactions in yuan but the number of transactions in euros fell and again increased in dollars, that is, both the dollar and the yuan, well, the dollar, of course, to a greater extent, remains such a stable currency, that is , these are markets that have quite a good contact, and here the americans and the chinese have much more in common economically than politically, i think this is the argument... this is where the conversation will take place, and it is possible that there will be some such mini-trade wars , but to some significant military and political sanctions, it seems to me that it will not be possible this year, especially since china behaves quite cautiously, in some moments, well, again , they already have a lot of experience of such, you know, mutual controversy, which, again, economic issues are under... doubt does not ask, because china is needed by the united states, and the united states is needed by china, moreover, even in a dialogue it is necessary to say, well, something like that,

where do you see the yuan? >> just now, we hear from the st.bullard, he was talking about he anticipate three cuts this year. that is exactly how hsbc feels. although probably the rate cut will be slower this time, but it is kind of confident to say fed is near the gun the hiking cycle. that will take pressure from them. at the same time we do see chinese economy continue to rebound. that will put some anchor to the exchange rate. haslinda: yuan has been anchored because of the pboc fixing. without that, where would it be? >> that is interesting question. over past several days we see convergence between exchange rate, so that show to some extent the recent data print .2 stronger fundamental can support the yen. in the fed going more dovish can help. haslinda: the market is looking at stimulus from china. can we expect that? >> by our calculation the fiscal impulse will be stronger than last year and that comes in different formats, including we see the special chair rebound. and we can see the central government is shifting more spending respo

for 10 yuan they give 4.47.3 rubles 52 kopecks. cost 100 russian rubles. and the euro exchange rate according to the national bank is 3 rubles, 50 kopecks. china lodges complaint with world trade organization over subsidy discrimination electric vehicles in the usa. starting this year , american buyers will lose tax credits ranging from $3 to $7,500 if any components of their cars are produced by chinese, russian, north korean or iranian companies. with this measure , the white house wants to reduce inflation and support. own manufacturers, because in the global electric vehicle market china now occupies a leading position in terms of export volume in the world. in st. petersburg, starting in april , they began to charge a resort fee for adult tourists who stay over a day in hotels, aparthotels or sanatoriums. the fee is 100 russian rubles, which is about 3.5 belarusian rubles for every day. the funds raised will be used for the development of tourism. structure of the city and, according to the forecast of the authorities, revenues from resort fees to the

current exchange rates at the auction, the dollar has fallen in price, while the russian ruble and yuan have risen in price. and this morning the dollar is 3 rubles. 23 kopecks for 10 yuan at auction gives 4.44 3 rubles 51 kopecks. costs 100 russian rubles. and the euro exchange rate according to the national bank is 3 rubles 47 kopecks. the spanish economy can grow due to immigrants, the imf says. if previously migrants were mainly engaged in low-skilled work, now the situation is changing, as the number of migrant workers in the field of scientific technologies has doubled. spain has been giving more and more in recent years. preferring an open door policy to address the shrinking workforce. india's future may be hampered by unemployment problems, which reached 7.5% in march. at the same time, the population expected to grow by 6.5 this year. moreover, in the last quarter of last year, gdp growth in the country amounted to 8.5%. however, experts warn that this exceptional growth should not be taken for granted. he is conditioned. an increase in government spending, but this resource i